More than 100 leaders, representing areas with 85% of the world’s forests, will commit to halting deforestation by 2030 on a “significant” path to tackling climate change. Countries, including Brazil, Russia, Canada, Colombia, Indonesia and the Democratic Republic of the Congo, will sign a joint agreement on this today at COP26.
Bulgaria is also among the countries that will sign today’s agreement to stop deforestation. Fish faeces clean carbon almost as much as forests around the world. Excessive fishing has a much greater impact on the biochemistry of the oceans than previously thought. The huge scale … Read more Under the agreement, 12 countries are committed to providing $ 12 billion between 2021 and 2025 to help developing countries, including land reclamation and forest fires. Another $ 700 million will go to support indigenous peoples to preserve forests and strengthen their rights in forest areas. Activists and environmentalists comment that the world is losing its forests at a staggering rate – every two seconds a forest with an area like a football field disappears due to agriculture, urbanization, forest fires and forestry.
According to one of the initiatives that monitors deforestation, last year the world lost 258 thousand square kilometers of forest, which is more than the entire territory of Britain. Today, the CEOs of more than 30 financial institutions are also expected to promise to stop investing in deforestation activities. According to the latest such promise, the Declaration on Forests, signed in 2014, was to halve the deforestation of tropical forests and restore at least 150 million hectares of forests by 2020. Despite widespread advertising at the signing, none of the goals in the declaration was not fulfilled. Moreover, since then, the destruction of primary tropical forests has generally even increased, according to a progress report on the Declaration published in October.